Petkovski, Mihail and Stojkov, Aleksandar and Kjosevski, Jordan (2023) Investigating the Factors Influencing Shadow Banking in EU Member States. EASTERN EUROPEAN ECONOMICS. pp. 1-21.
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Abstract
This paper investigates the driving forces of shadow banking in 27 EU
Member States, using annual data for 1999–2020. To account for
heterogeneity, the panel is split into two sub-groups labeled “old”
Europe and Eastern Europe. The estimations provide evidence that
bank assets, insurance corporation assets, interest rate spreads, and
regulatory quality significantly determine shadow banking growth.
Financial development also has a considerable influence. The strong
link between shadow banking entities and insurance corporations
highlights the need to create a framework to test the interconnectedness
of financial institutions at the EU level.
| Item Type: | Article |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Depositing User: | UKLO Mrezha |
| Date Deposited: | 27 May 2024 06:01 |
| Last Modified: | 27 May 2024 06:01 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/9975 |
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